Issue of Equity
("Tracsis" or the "Company")
Issue of Equity
The Company confirms that following the receipt of a notice of exercise of employee options, it has today issued 33,247 ordinary shares of 0.4p each ("Ordinary Shares") (the "New Ordinary Shares").
Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around the 7 May 2020.
In addition, the Company has today issued a further 1,836 Ordinary Shares (the "Staff Option Shares") following an exercise of Options by employees of the Group. The issuance of the Staff Option Shares is covered by the Company's blocklisting for staff options.
Following the issue of the New Ordinary Shares and the Staff Option Shares, the number of Ordinary Shares in issue will increase to 29,111,260. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 29,111,260 Ordinary Shares with voting rights attached (one vote per Ordinary Share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Tracsis under the DTRs.
Tracsis plc | Tel: 0845 125 9162
Chris Barnes, CEO
Max Cawthra, CFO
finnCap Ltd | Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate Finance
Andrew Burdis, Corporate Broking